as the market finally realizes its "game over for the Bull" as world economies continue to lose money while wondering what's next after negative interest rates run out of steam???? Free IOU's?
and that's after resigned in disgrace for illegal acts. And if you gave Nixon and Hillary a lie detector test at the same time I'm sure Nixon would beat out Hillary with fewer lies. Of course Trump would call the polygraph examiner a "Mexican" and be recused from taking the test. Gee can't wait for November circus.
I'm not calling $1300 today - just saying if we break through that number this week or next (and hold above it) "shorts' will have to cover in masses as Nugt sets it sights on $150 a share and higher.
and this time we hold over $1300 and set out sighs on a Yellen "July No Show" 14000 an ounce gold move. Great for Nugt but very, very bad news for Dust.
but first we have to break through $1300 an ounce and hold over that significant number. Gold has tried a few times this year but has not held over that "magical number". I think this month we finally break into higher highs and not only push past $1300 an ounce but set sights on $1400 an ounce by Mid-July when the Fed crawls under a rock and says "Don't bother us for another six months".
since after investors wake up and realizes its Lunatic Trump against Crooked Hillary - they all head for the exit at the same time - sell their stocks and start buying Bomb Shelters. Talk about scraping the bottom of the barrel with either Crooked Hillary to vote for or Lunatic Trump. What a ugly train wreck come November.
Coming Brexit will be nothing compared to coming dark clouds over Trump versus Hillary train wreck. Pick your poison since both candidates are so FLAWED then make Nixon look like a good guy. And as you know Gold loves Volatility which both Hillary and Donald will bring to world markets in Spades.
The mud slinging between Donald and Hillary will start tomorrow and build into a crescendo into July, August, September etc. Crooked Hillary and Lunatic Donald will pull each other down into the mud so fast you won't be able to find them without a magnify glass. Heck you can't even watch CNN or FOX now and not get a sour feeling in your gut. And the sad part is everyone knows Hillary is "Corrupt as Hell" and Donald is "white supremacist". Gee choice of two evils come November. Really makes you proud to be an American with two complete "idiots" to vote for to replace Obama. Still say Mother Market will be down big tomorrow as everyone realizes we are in deep, deep trouble with either Hillary or Donald as the "Commander in Chief".
Seriously - the stock market will wake up tomorrow with a foul taste in its mouth knowing its now Lunatic Trump against Crooked Hillary. 65% of all U.S. voters literally dislike/hate both candidates and as Bernie slides to the sidelines (hoping for a Hillary indictment) the Dow will sell off knowing both these idiots are flawed, mentally unstable and "Out for Themselves".
Correction start in T-23 hours as voters either move to Canada or stay at home and say "screw the November elections".
agree and it should hit that number this month as Yellen and Fed throw up their hands and say "No rate hike until late his year". If then,
So who they wrestling with? Hillary or Trump. Don't really care cause I'm going long Gold knowing the Fed is scared to death and ready run as fast as then can from any rate hike this year.
Federal Reserve Bank of Atlanta President Dennis Lockhart said the central bank should wait until at least next month to consider raising interest rates because of a slowing labor market and the British vote on European Union membership, adding his voice to the argument for a delay ahead of a speech by Chair Janet Yellen.
and you know Yellen is ten times more a Dove then Lockhart. NUGT set to move into triple figure as in over $110 come 12:35 p.m.
Could happen as Opec says "No Deal Now and No Deal in the Future". Blood thicker then oil and both Iran and Saudi Arabia watch each other's blood very badly. So oil sell off begins and runs down for quite sometime.